Small Multifamily Investment Snapshot — March 2024

The first quarter opens a new chapter for the small multifamily market after a year where the subsector demonstrated strength and resiliency amid stiff economic headwinds.
Despite elevated interest rates, small multifamily had a strong finish to 2023. However, the economic environment continues to be challenging. Lending standards remain tight, and market conditions suggest cap rates may rise further. Looking ahead, when the Federal Reserve begins lowering interest rates, small multifamily is likely to normalize soon afterward.
Access key highlights in our latest Small Multifamily Investment Trends Report.
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